Taxes

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Taxes and death are inevitability, but that doesn’t mean you can’t prepare for both! Taxes effect you almost every day in the form of sales tax, every year in the form of income tax and even at death with the estate tax.

What Does the IRS Have to do With an EIN?

A Federal Employee Identification Number (EIN) is a unique number the Internal Revenue Service (IRS) assigns to most types of business entities for tax reporting and filing purposes. IRS-EIN-Tax-ID is an easy and secure way to apply for an EIN online through their secure website. An EIN is required in the following circumstances: You have employees You operate your business as a partnership or corporation You pay excise, alcohol, tobacco, employment, or firearms tax You have a Keogh plan You withhold taxes on revenue, besides pay, paid to a foreign alien You are involved with a trust, estate, IRA, real estate mortgage [...]

By |2018-06-28T19:56:54+00:00June 28th, 2018|Taxes|0 Comments

Fast & Easy EIN Filing with GovDocFiling

The EIN or Employer Identity Number is a unique nine-digit fingerprint of your business. It is usually used when reporting taxes on your company’s employment. You can apply for EIN online, as well as by mail or phone. Regardless of the type of your business, you need to have your own EIN as long as you have employees. An EIN works similarly to the personal Tax ID Number (TIN). This will be your unique number to be used for legalities, contracts or financial transactions. Filing the EIN If you are starting a business, filing the EIN should be the first on your [...]

By |2018-06-20T16:18:12+00:00June 13th, 2018|Taxes|2 Comments

How Can I Look Up a Tax ID for a Business?

A tax ID number is an EIN number provided by the IRS in order to establish a filing system for businesses. An IRS EIN number can assist with a number of business needs including hiring employees as well as filing taxes for the business as well as bank account needs. With an LLC tax ID number, a business is legitimized and begin the basic hiring processes as well as opening up bank accounts for the business, etc. If you have inherited or acquired a new business, then you will need the EIN information in order to take over ownership. So how do [...]

By |2018-03-01T15:42:21+00:00August 15th, 2017|Taxes|0 Comments

9 Things You Need to Know About Deducting Hobby Cost Losses on your Tax Return

Part of the joy of living an affluent life is having more free time to enjoy your personal interests, passions and hobbies, such as photography, woodworking, horseback riding, and the list goes on. However, there’s an aspect of enjoying your favorite hobby (or hobbies) that you may not be aware of, and which could end up costing thousands of dollars, and causing far more stress than you bargained for: deducting hobby losses on your tax return. According to the Law Offices of Jeffrey B. Kahn, whose principal Jeffrey Kahn is certified to appear before U.S. Federal tax court, the IRS has what [...]

By |2017-07-21T13:35:48+00:00July 21st, 2017|Taxes|0 Comments

10 Smart Ways to Spend Your Tax Refund

Over 40 million people received a tax refund this year, with the average refund totaling over $3,000. It’s all too easy to let that check burn a hole in your pocket and blow it on unnecessary purchases. And car dealerships, electronics stores and retailers take advantage of this time of year and offer special sales to tempt you into their doors. But remember, this money isn’t a bonus.  How you spend your tax refund could have significant impacts on your financial future if you make a good habit out of it. It’s money you earned throughout the year; getting a refund just [...]

By |2016-05-11T18:19:19+00:00May 11th, 2016|Taxes|0 Comments